The IHS Markit Brazil Composite PMI decreased to 48.9 in January of 2021 from 53.5 in the previous month. The reading pointed to the first contraction in private sector activity since July, as the services sector shrank the most in six months (PMI at 47 vs 51.1 in December) while manufacturing activity growth slowed noticeably (PMI at 56.5 vs 61.5). A renewed decline in new work intakes caused the first reduction in output for six months and further job shedding. On the price front, the rate of input inflation softened to a four-month low, but was stronger than any seen prior to the COVID-19 crisis. The rate of charge inflation matched that seen in December, thereby remaining marked and among the strongest seen since composite data became available in March 2007. Looking ahead, business sentiment weakened compared to December. source: Markit Economics
Composite PMI in Brazil averaged 48.65 points from 2011 until 2021, reaching an all time high of 55.90 points in October of 2020 and a record low of 26.50 points in April of 2020. This page provides the latest reported value for - Brazil Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Composite PMI in Brazil is expected to be 51.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Brazil to stand at 52.30 in 12 months time. In the long-term, the Brazil Composite PMI is projected to trend around 51.90 points in 2022, according to our econometric models.